Response to the Bank of England's statistics for February 2015
Mon 30 Mar 2015
Peter Rollings, CEO of Marsh & Parsons, comments:"Mortgage approvals showed good signs of growth in February, as lending begins to amplify in 2015. Were not witnessing the same unsustainable intensity of activity as last year, and the market has had to adapt some considerable changes since then, so while new affordability regulations have made it more robust, theyve also lengthened the buying process.
"Spring is typically a busy time of the property market, and this year confidence is especially blossoming for buyers. The governments new Help to Buy ISA will help thousands of first-time buyers build up a deposit, and the stamp duty reforms have substantially pruned back another of the daunting up-front purchase costs of buying a home. Complemented by attractive mortgage deals, and greater supply of property coming up for sale, the housing market will continue to grow in the coming months."